Report: Comcast Nears Deal with Charter for Some TWC Assets

Comcast (CMCSA) is reportedly nearing a deal with Charter Communications (CHTR) to buy some Time Warner Cable (TWC) assets if shareholders ultimately approve Charter’s bid for the larger rival.

According to Bloomberg News, Comcast would acquire New York City, North Carolina and New England cable assets, with the sale contingent upon Charter’s acquisition of Time Warner Cable and its price tag.

The report on Monday said Comcast and Charter agreed on the framework for what the largest U.S. cable provider would pay. That number would depend on how much Charter pays for Time Warner Cable.

Spokespeople for Charter and Comcast declined to comment.

A deal to sell off some assets would give Charter additional funds to complete a takeover of Time Warner Cable.